On a Bank Reconciliation, an Unrecorded Debit Memorandum for Printing

question 63

Multiple Choice

On a bank reconciliation, an unrecorded debit memorandum for printing checks is:

• A) Noted as a memorandum only.
• B) Added to the book balance of cash.
• C) Deducted from the book balance of cash.
• D) Added to the bank balance of cash.
• E) Deducted from the bank balance of cash.

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Definitions:

Contribution Per Unit

The amount of money left from the sale of one unit after deducting the variable costs associated with the product's production and sale.

Variable Cost Per Unit

The cost that varies with the level of output or production, such as materials and labor, on a per-unit basis.

Total Variable Cost

The sum of all costs that vary with the level of output produced, such as materials and labor.

Break-Even Analysis

Technique used to examine the relationships among cost, price, revenue, and profit over different levels of production and sales to determine the break-even point.